Quote:
Originally Posted by Rick Lee
I have to wonder how he got a mortgage for such a property with FAIR insurance at the capped face amount. Sounds like the bank didn't do its due diligence. You know the old saying, "If you owe the bank $10,000, you have a problem. If you owe the bank $10,000,000, the bank has a problem." Anyone in this guy's position should have it all in an LLC and walk.
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Private money, maybe Mafioso would be my guess
If you see the guy in a wheelchair next month, we'll know.
rjp